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19 W Eagle AvenueEagle Lake, FL 33839

Polk County

$959,000List price
4,572Sq Ft
1932Year built
0.31Acre lot
12 months agoOn market

Description

** Prime Investment Opportunity – 8 Units + Portfolio Option ** Introducing a fully renovated 8-unit income-producing property with a 7.5% CAP located on a large corner lot in Eagle Lake. The property consists of 8 apartment units and 1 detached single-family home, offering versatile rental options for steady cash flow. Built with a combination of concrete block and wood frame, this property underwent a complete renovation with a NEW roof in 2022, all new electrical, all new plumbing (CPVC & PEX), luxury vinyl plank (LVP) flooring, new appliances, countertops, tankless 30-gallon water heaters, and fresh interior/exterior paint. Every system and finish has been modernized to minimize maintenance and maximize return. This property has a proven rental history, leasing quickly due to its quality updates and prime location. Investors will also appreciate the opportunity to purchase it as part of a larger portfolio consisting of an additional single-family home on 1/3 acre, totaling 9 units across 2 parcels. With rents in Eagle Lake increasing over 300 p ercent in the last decade and the current average rent hovering around $2,000, this property presents a rare chance to secure a total $85,000 NOI at a 7.5 cap rate for 8 units - due for 2026 rent increases for an extra $6,000 NOI. Other properties included in the optional portfolio: 652 N Jackson St. Don’t miss this exceptional opportunity to expand or establish your rental portfolio in one of Central Florida’s fastest-growing rental markets.

Property Information

Property type
Commercial Sale
Sub-type
Mixed Use
Year built
1932
Living area
4,134 Sq Ft
Lot size
0.31 acres
Ownership
Other
Zoning
LAND
Days on market
386
MLS® Listing#
TB8424613

Property Features

Appliances
Dishwasher · Dryer · Microwave · Refrigerator · Washer
Basement
Crawl Space
Lot features
Corner Lot
Construction
Frame
Roof
Shingle
Windows
Blinds
Sewer
Public Sewer
Water source
Public

Financial Details

Annual taxes
$6,513Tax year 2024
Parcel number
26-29-07-679000-044030

Directions

Drive 8 miles on US-17 S, stay south for .8 miles - property on the left hand side. 1 unit faces 4th St and the other units face Eagle Ave.

Listing Courtesy: COMPASS FLORIDA LLC - (305) 851-2820

Listings courtesy of Stellar MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers? personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright ©2026 MLS GRID. All Rights Reserved.

Last Updated: 2025-09-03

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